How do I show a cash out against a free and clear property?

To show a free and clear property, make sure to enter the current property value in the assumptions, but leave the mortgage info blank with the exception of the remaining balance, enter in $1.00. Then enter your new refi products as you normally would, but make sure to leave the boxes to add fees to the loan amount unchecked. This will force Mortgage Coach to take the costs from the proceeds of the refinance. When you get to the Presentation screen, make sure to uncheck the current mortgage so the report doesn't look negative (all new options would show a negative savings against a free and clear).

Tags: free, clear, "cash out" refinance